TULSA, Okla. (AP) _ Helmerich & Payne Inc. (HP) on Wednesday reported a loss of $79.2 million in its fiscal fourth quarter.
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 74 cents. Losses, adjusted for one-time gains and costs, were 62 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The oil and gas well-drilling contractor posted revenue of $343.8 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $343.6 million.
For the year, the company reported that its loss narrowed to $326.2 million, or $3.04 per share. Revenue was reported as $1.22 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HP at https://www.zacks.com/ap/HP
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